I think that you just answered your own question here.....Ya I meant the stock. I was wondering if the demand is sustainable. the car is so damn expensive and makes no financial sense. I don't understand the hype behind it but I see it out everyday.
...until the competition begins wiping the floor with them.....like Samsung, etc. will eventually do to the iPhone.....No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
Yeah, but most people, including McDonald's minimum wage workers, if they wanted, can save, and eventually come up with the the $1000 needed to buy the over-priced iPhone or the over-priced Louis Vuitton bag.No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
Personally, I would stay away from Tesla. Its stock price is artificially inflated/deflated by Musk himself. That is not a good thing. As I had said earlier, he's mentally unstable. Also, Musk seems to be relying on Tesla stock to bail him out of "financial difficulty", as if it is his own private slush fund. That is not a good sign either.Yeah, but most people, including McDonald's minimum wage workers, if they wanted, can save, and eventually come up with the the $1000 needed to buy the over-priced iPhone or the over-priced Louis Vuitton bag.
Tesla on the other hand is not the same thing. The price tag is high. It's a car. It can't reach the masses, like the minimum wage worker.
But the stock price is priced as if everyone who can afford to buy a normal car can also buy a Tesla if they really wanted.
The question is: Will Tesla hit a demand cliff? That's what I'm researching to see if the stock is worth investing into. Meaning, sure, they;re making tons of money now but eventually, only tesla owners will be buying new teslas... And not the rest of society due to the price tag.
Since nobody is being forced to buy a Tesla, why buy a much higher-priced car then, unless you have the money to throw on it?No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
Veblen goods.Since nobody is being forced to buy a Tesla, why buy a much higher-priced car then, unless you have the money to throw on it?
Do Teslas perform any better than cheaper Hondas or Toyotas? If not, there is not much value there. And don't get me started on the "self driving" illusion (or delusion).....
In addition, do Teslas perform better than Porsche, BMW, Mercedes or Lexus? Where is the market here, if any?
You appear to be judgemental and have self-esteem issues. Check out Sandy Monroe on YouTube. He is an engineer and gives his opinion of Tesla based on them tearing one down.Tesla is basically running on hype and macho-self-aggrandizement fumes. Not much else. Those who drive Teslas are (mainly) those who think they are better than everyone else (arrogant), saving the planet all by themselves (still arrogant) or superior because they don't have to go to a gas station (for gas anyway) (also arrogant). Plus, the founder is mentally unstable at best, as well as horribly arrogant.
That is not a good business plan to rely on in the long term.....
Yeah sure. Another cult of personality playbook item: when questioned, try to shame the skeptical.....this is getting so old now.....You appear to be judgemental and have self-esteem issues. Check out Sandy Monroe on YouTube. He is an engineer and gives his opinion of Tesla based on them tearing one down.
That won't happen. Samsung will stop making phones before Apple does....until the competition begins wiping the floor with them.....like Samsung, etc. will eventually do to the iPhone.....